LONDON/SINGAPORE—The euro fell on Friday after economic data painted a mixed picture for growth and inflation across the eurozone, raising uncertainty around the size of the European Central Bank’s expected interest rate hike next week.
Preliminary data showed gross domestic product in the eurozone expanded by 0.1 percent in the first quarter, below expectations in a Reuters poll for 0.2 percent.
The eurozone’s two largest economies, Germany and France, stagnated or barely grew as a surge in exports was offset by a decline in domestic consumption by households and their governments. But the Spanish and Italian economies expanded more than expected, partly thanks to that same rebound in trade….